In a mixed strategy equilibrium
A) A players' probabilities are chosen to make sure that he is indifferent
B) Players choose mixed strategies, but the mixed strategy chosen by each is not necessarily a best response to the mixed strategies chosen by the others
C) Players choose mixed strategies and the mixed strategy chosen by each is a best response to the mixed strategies chosen by the others
D) A and C

Question

Quizplus · Accepted Answer

In a mixed strategy equilibrium, players choose their strategies in such a way that they are indifferent among their available strategies, meaning each player's mixed strategy is a best response to the mixed strategies chosen by the others. This ensures that no player has an incentive to unilaterally deviate from their strategy, fulfilling both conditions A and C.

In a Mixed Strategy Equilibrium